Market Overview for Nervos Network/Tether (CKBUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Thursday, Jan 1, 2026 4:09 pm ET1min read
CKB
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Aime RobotAime Summary

- Nervos Network/Tether (CKBUSDT) surged from $0.00235 to $0.002469, forming bullish reversal patterns and testing key 50-period moving average support twice.

- RSI neared overbought levels (72) with strong volume spikes during 16:30–17:00 ET, while Bollinger Bands contracted before explosive upward divergence.

- Price reached 61.8% Fibonacci retracement at $0.002397 before pushing higher, supported by MACD turning positive and $51,987.82 turnover during a 5-minute breakout.

- Risks include potential consolidation near $0.002454 resistance or a pullback below $0.002397, with volume behavior critical to confirm any bearish reversal signals.

Summary
• Price surged from $0.00235 to $0.002469, forming bullish reversal patterns late in the session.
• RSI approached overbought territory near close, suggesting potential near-term momentum fatigue.
• Volatility expanded sharply during the 16:30–17:00 ET window, coinciding with a large volume spike.
• Bollinger Bands showed a period of contraction early in the 24-hour window before diverging.
• 50-period moving average was a key dynamic support, which was tested and held twice.

Nervos Network/Tether (CKBUSDT) opened at $0.00235 on 2025-12-31 12:00 ET, reached a high of $0.002469, and closed at $0.002454 on 2026-01-01 12:00 ET, with a low of $0.002343. Total volume was 221,434,968.0 units, with a notional turnover of approximately $53,973.59.

Structure and Key Levels


The 24-hour price action showed a strong bear-to-bull transition, particularly after 4:30 AM ET, where a bullish engulfing pattern formed near $0.002397. Price found key support at the 50-period 5-minute moving average (~$0.002361), which was tested twice but not decisively broken. A notable bearish divergence appeared in the early morning hours, but it was quickly negated by a sharp rally. The daily chart suggests a larger bullish structure forming between $0.002343 (major support) and $0.002469 (resistance).

Momentum and Volatility


The RSI climbed to 72 near the close, indicating short-term overbought conditions, though the move was supported by volume. MACD crossed into positive territory in the early hours of 2026-01-01, suggesting a shift in momentum. Volatility expanded significantly from 4:30 AM to 5:00 AM ET, coinciding with a sharp increase in both price and volume. Bollinger Bands contracted earlier in the window, setting the stage for the explosive move upward.

Volume and Turnover Insights


Volume spiked dramatically during the 16:30–17:00 ET window, with a single candle capturing 21,202,307 units traded and $51,987.82 in turnover. This suggests significant accumulation or distribution at higher price levels. Turnover and volume aligned well during the upward move, with no notable divergence.
. The largest single 5-minute turnover spike occurred at 4:30 AM ET, coinciding with a sharp breakout to $0.002397.

Technical Confirmations and Risks


Fibonacci retracement levels from the recent low at $0.002343 showed price reaching the 61.8% level at $0.002397 before pushing higher. The move beyond that into $0.00243–0.002469 territory suggests speculative long positioning may have entered. However, with RSI nearing overbought and price near a key 5-minute resistance, consolidation or a pullback is likely in the near term. A break below $0.002397 may signal a temporary reversal.

Looking ahead, the next 24 hours could see a test of $0.002454 as a key consolidation level. Investors should watch for a close below $0.002410 as a possible short-term bearish signal, though volume behavior will be critical in confirming the move’s validity.